LVMH Agrees to Acquire Stake
In Italian Shoemaker RossiModa

MILAN -- LVMH Moet Hennessy Louis Vuitton SA has reached an agreement to acquire a minority stake in Italian shoemaker RossiModa as part of its plans to expand the shoe lines of its major brands.

The French luxury-goods giant said it will buy a significant minority stake in the company, but declined to provide financial details of the transaction. RossiModa is a family-owned group based in Venice that produces shoes under license for...